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Macao News
Brazilian company 2TM acquires Lisbon-based bitcoin exchange CriptoLoja
Macao News > Portuguese-speaking Countries > Brazilian company 2TM acquires Lisbon-based bitcoin exchange CriptoLoja

Brazilian company 2TM acquires Lisbon-based bitcoin exchange CriptoLoja Link copied

As Latin America’s largest cryptocurrency exchange, 2TM views acquisition as gateway to European market.

Cryptocurrency
14 January 202214 January 2022 BY STAFF REPORTER
BY STAFF REPORTER14 January 202214 January 2022

Brazil’s 2TM, backed by Japan’s Softbank, is acquiring a controlling stake in Lisbon-based crypto exchange CriptoLoja.

2TM runs Mercado Bitcoin, Latin America’s largest cryptocurrency exchange, and is valued at around US$2.2 billion.

It will now hold a stake in CriptoLoja, which has been in operation since July 2021, after receiving Portugal’s first official licence as a virtual asset service provider.

2TM declined to disclose the terms of the acquisition, but said the transaction is pending approval from the Bank of Portugal.

“Portugal is a strategic market for us, because it requires a specific licence, and is becoming an important hub for crypto in Europe, opening a gateway into the larger European market,” commented Roberto Dagnoni, 2TM’s CEO.

2TM will start its expansion into Europe with an over-the-counter operation, and in future aims to bring the entire MercadoBitcoin.com platform to retail and institutional investors, CLBrief reported.

 

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